Take a look at some of the biggest movers in the premarket: Caterpillar (CAT) – The heavy equipment maker reported quarterly earnings of $1.03 per share, beating the 64 cents a share consensus estimate. Revenue also topped forecasts. The beat came even as sales tumbled from a year ago due to a pandemic-related slump in
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Exxon said on Friday that it lost $1.1 billion during the second quarter amid “global oversupply and COVID-related demand impacts.” It was the oil giant’s second straight quarter of
A Monzo debit card being used at a payment terminal. Monzo British digital bank Monzo said Thursday that its annual losses more than doubled and warned its ability to continue operating had become more uncertain due to the coronavirus pandemic. The start-up reported an annual post-tax loss of £113.8 million ($149.5 million) in its 2020
A woman works at a distrubiton station at the 855,000-square-foot Amazon fulfillment center in Staten Island, New York, on February 5, 2019. Johannes EIsele | AFP | Getty Images Check out the companies making headlines after the bell: Facebook — The social media giant’s stock surged 6% in extended trading following the release of the company’s
Residents take pictures and explore the catastrophic damage to downtown Sanford following extreme flooding throughout central Michigan on May 20, 2020 in Sanford, Michigan. Matthew Hatcher | Getty Images As much as 20% of global gross domestic product could be threatened by coastal flooding by the end of the century if no action is taken,
Automated teller machines of the three Singapore-listed banks: OCBC, DBS and UOB. Munshi Ahmed | Bloomberg | Getty Images Shares of Singapore’s top three banks tumbled in early trade Thursday after the country’s financial regulator asked lenders to cap dividends this year in light of the economic uncertainty, due in part to the coronavirus pandemic.
A cyclist passes by the New York Stock Exchange in New York, on May 26, 2020. Wang Ying | Xinhua News Agency | Getty Images U.S. stock futures rose on Wednesday night following a session in which the major averages posted solid gains as the Federal Reserve pledged to maintain current stimulative measures. Dow Jones
The Robinhood crowd has a new favorite speculative stock: Eastman Kodak. In the last 24 hours, more than 20,000 users have added the stock to their portfolio, making it by far the most popular stock on the millennial-favored trading app according to data from Robintrack, which tracks user activity but is not affiliated with the
Check out the companies making headlines after the bell: Starbucks — Shares of the coffee giant jumped 5% in extended trading after the company posted its third-quarter financial results. The company reported a third-quarter loss of 46 cents per share excluding some items on revenues of $4.22 billion. Analysts surveyed by Refinitiv expected as a loss of
In this photo illustration, the TransferWise app is seen displayed on an Android smartphone with a vintage turntable in the background. Guillaume Payen | SOPA Images | LightRocket | Getty Images Fintech start-up TransferWise is now valued at $5 billion following a secondary share sale, the company announced Wednesday, highlighting increased investor appetite for online
Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – The restaurant chain reported quarterly profit of 66 cents per share, shy of the 74 cents a share consensus estimate. Revenue came in above Wall Street projections. Comparable-restaurant sales were down 23.9% globally, slightly wider than the 22.8% consensus estimate.
Hong Kong’s new tech index rose on its second day of trading as experts said its diverse list of constituents will be attractive for traders looking to invest across the sector. The Hang Seng Tech Index rose 2.64% as of 2:18 p.m. HK/SIN, beating the broader Hang Seng index which traded up 0.34%. “It’s a
Stock futures were flat in overnight trading as investors prepared for a slew of earnings from major U.S. businesses on Tuesday. Dow futures rose 40 points or 0.15%. The S&P 500 and Nasdaq-100 futures rose 0.15% and 0.18%, respectively. Senate Majority Leader Mitch McConnell unveiled the Republican coronavirus relief plan Monday after the bell. The legislation would
Does financial market history even matter anymore? Many pundits say no, since a new wave, of low-to-zero-cost trading, and another wave of high-quality market information has “democratized” investing so much so that the retail public is just as informed, or certainly can be, as multibillionaire investors. Now, some of us have recently questioned this line
Bryn Mawr’s Jeff Mills sees few options for investors looking for big second half gains. Due to the country’s coronavirus surge, he predicts economic setbacks will start to meaningfully impact some of the summer’s most profitable market groups. “We’re past the point where every single data point is going to be ahead of expectations,” the
A man wearing a mask walks by the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures rose on Sunday night as investors braced for a big week of corporate earnings and lawmakers continued coronavirus stimulus negotiations. Dow